Get started

Acalanetwork

ACA underwater, but divergency is huge Possible Targets and explanation idea ACA brand new coin so we don't have a lot of data for indicators but here is what the main things what you should know ➡️Based on Accumulation Distribution indicator on Weekly you can see we formed huge divergency ➡️Trade long time period under -0.27 level by weekly fib (bullish accumulation zone) ➡️Leave 2 main Weekly IMB zones which most likely we will come back to trade ➡️0.28 / 0.46 / 0.81 main rejection zones. Visualisation by line. ➡️When ACA reach 0.81 everyone start posting "we are going to the moon" and after we will see correction ➡️2 main signals to Buy by "Trade on" indicator on weekly (bullish) Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Acala Network - Falling Node Wedge Pattern!Greetings, Traders! Today, I want to share an exciting technical analysis finding on the trading pair of ACA (the native token of Acala Network) and USDT (Tether). A falling wedge pattern has been identified, indicating the potential for a bullish reversal in the near future. Let's delve into the details! 📈 Trading Pair: ACA/USDT 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 Understanding the Falling Wedge Pattern: A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern indicates the possibility of an upward price movement. 🔍 Identifying the Falling Wedge on ACA/USDT: Upon analyzing the daily chart of ACA/USDT, the following observations come to light: 1️⃣ Recent downtrend: The trading pair has experienced a decline in price over the past weeks. 2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern on ACA/USDT plays out as anticipated, a potential bullish breakout above the upper trendline may occur, leading to a reversal and potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $2.50 2️⃣ Target 2: Psychological resistance near $3.00 🛡️ Risk Management: Managing risk is essential for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on the ACA/USDT trading pair as it develops this falling wedge pattern. The pattern suggests the potential for a bullish reversal on the horizon. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #fallingwedgepattern #ACA #USDT #AcalaNetwork #cryptotrading #chartpatterns #bullishreversal #tradingstrategies #investing #finance #marketanalysis
Long
by STP_MrNodeItAll
ACA/USDT 1D. Fall out of channel. Manipulation.Here's coin in DOT ecosystem - Acala network. Though it has problems with its stable coin etc. there's space for earning money. Here's how. There was an accumulation channel(logic of the current movements). In it the volume was accumulated. Now there;s a break down of this channel. Price is dumping. The meaning of it - is how i've already described - collection of stop losses. From the support price has now dropped 37% down. We've come to the first support and potential reversal zone 0.545$. Yellow level. The second one is on the chart. When dropping out of that horizontal channel we had - the downtrend channel started to form, this is when we speak about technical side of this potential manipulation. Now as you can notice on the chart - the price is on the support of this downtrend channel. Hence we can at least work locally from the support considering potential bounce of the price.
Long
by TradingTsar
1
Acala Token (ACA) formed bullish Gartley for upto 23% pumpHi dear friends, hope you are well and welcome to the new trade setup of Acala Token ( ACA ) with US Dollar pair. Recently we had a nice trade of ACA: Now again on a 4-hr time frame, ACA has formed bullish Gartley pattern. There is also a strong support of $ 1.135, below the potential reversal zone. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333